Geode Capital Management Portfolio holdings
Geode Capital Management, founded in 2001 and based in Boston, Massachusetts, is a prominent institutional asset management firm known for its expertise in low-cost, systematic index investing. Originally established to manage internal index funds for Fidelity Investments, Geode became an independent entity while retaining a close relationship with Fidelity, focusing on passive investment strategies that track major market indices. The firm oversees hundreds of billions in assets, offering a range of mutual funds and separately managed accounts primarily for institutional clients, such as pension funds and endowments, with an emphasis on minimizing costs and maximizing efficiency. Geode’s disciplined, quantitative approach and avoidance of active management have made it a key player in the rise of index-based investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$784M |
| 2 |
Apple
AAPL
|
+$427M |
| 3 |
Danaher
DHR
|
+$417M |
| 4 |
Prologis
PLD
|
+$405M |
| 5 |
Amazon
AMZN
|
+$383M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWTR
Twitter, Inc.
TWTR
|
+$587M |
| 2 |
Eli Lilly
LLY
|
+$491M |
| 3 |
DRE
Duke Realty Corp.
DRE
|
+$343M |
| 4 |
ABMD
Abiomed Inc
ABMD
|
+$252M |
| 5 |
CTXS
Citrix Systems Inc
CTXS
|
+$239M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.94% |
| 2 | Healthcare | 15.43% |
| 3 | Financials | 13.92% |
| 4 | Consumer Discretionary | 9.78% |
| 5 | Industrials | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1776
German American Bancorp
GABC
$1.9B
| $20M | ﹤0.01% |
535,375
+15,335
| +3% | +$584K |
|
1777
Baidu
BIDU
$37.2B
| $20M | ﹤0.01% |
174,435
-34,021
| -16% | -$3.47M |
|
1778
Donnelley Financial Solutions
DFIN
$1.16B
| $19.9M | ﹤0.01% |
515,649
-7,466
| -1% | -$280K |
|
1779
Perdoceo Education
PRDO
$2.12B
| $19.9M | ﹤0.01% |
1,433,690
+11,822
| +0.8% | +$151K |
|
|
ETWO
1780
DELISTED
E2open Parent Holdings
ETWO
| $19.9M | ﹤0.01% |
3,393,221
+101,834
| +3% | +$583K |
|
1781
Ginkgo Bioworks
DNA
$521M
| $19.9M | ﹤0.01% |
294,376
+42,624
| +17% | +$3.92M |
|
1782
BCE
BCE
$21.2B
| $19.8M | ﹤0.01% |
410,287
-2,994
| -0.7% | -$135K |
|
1783
Corebridge Financial
CRBG
$15B
| $19.8M | ﹤0.01% |
+987,691
| New | +$20.9M |
|
1784
Consensus Cloud Solutions
CCSI
$647M
| $19.8M | ﹤0.01% |
368,242
+27,291
| +8% | +$1.49M |
|
|
BRSL
1785
Brightstar Lottery PLC
BRSL
$2.03B
| $19.8M | ﹤0.01% |
871,711
+38,064
| +5% | +$825K |
|
1786
Dime Commercial Bancshares
DCOM
$1.78B
| $19.7M | ﹤0.01% |
619,849
+24,305
| +4% | +$802K |
|
|
FBRT
1787
Franklin BSP Realty Trust
FBRT
$657M
| $19.7M | ﹤0.01% |
1,526,153
+19,632
| +1% | +$263K |
|
1788
Arcus Biosciences
RCUS
$3.64B
| $19.6M | ﹤0.01% |
946,473
+35,115
| +4% | +$966K |
|
|
PYCR
1789
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $19.6M | ﹤0.01% |
799,400
+74,487
| +10% | +$2.06M |
|
1790
XPeng
XPEV
$11.6B
| $19.5M | ﹤0.01% |
1,966,749
-19,176
| -1% | -$173K |
|
1791
Monarch Casino & Resort
MCRI
$2.23B
| $19.5M | ﹤0.01% |
253,977
+10,474
| +4% | +$792K |
|
1792
Wabash National
WNC
$527M
| $19.5M | ﹤0.01% |
863,318
+15,053
| +2% | +$327K |
|
1793
Xometry
XMTR
$5.34B
| $19.4M | ﹤0.01% |
602,895
+33,018
| +6% | +$1.54M |
|
1794
FirstService
FSV
$6.32B
| $19.4M | ﹤0.01% |
158,927
+2,571
| +2% | +$318K |
|
1795
Pilgrim's Pride
PPC
$6.54B
| $19.2M | ﹤0.01% |
810,527
+18,970
| +2% | +$453K |
|
1796
Telephone and Data Systems
TDS
$3.75B
| $19.2M | ﹤0.01% |
1,828,637
+65,723
| +4% | +$813K |
|
|
HCP
1797
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $19.2M | ﹤0.01% |
701,409
+341,610
| +95% | +$9.67M |
|
1798
A10 Networks
ATEN
$1.95B
| $19.1M | ﹤0.01% |
1,150,742
+14,855
| +1% | +$255K |
|
|
COWN
1799
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $19.1M | ﹤0.01% |
494,932
+12,364
| +3% | +$478K |
|
1800
Helix Energy Solutions
HLX
$1.41B
| $19.1M | ﹤0.01% |
2,588,182
+92,370
| +4% | +$555K |
|
Similar funds
Geode Capital Management's Q4 2022 Portfolio in Review
As of Q4 2022, Geode Capital Management held 5,090 positions worth $713B, up 8.1% from $659B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Trading was light in Q4 2022: portfolio turnover was 4.9%. Geode Capital Management opened 62 new positions and exited 188, leaving the 5,090-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q4 2022 buy was Ferguson: 1,854,192 shares worth $235M.
- Geode Capital Management added most to Microsoft in Q4 2022, an estimated $784M increase.
- Geode Capital Management's biggest Q4 2022 reduction was Eli Lilly, cutting an estimated $491M.
- Geode Capital Management fully exited Twitter, Inc. in Q4 2022, selling an estimated $587M.
- Geode Capital Management's ten largest holdings make up 20% of its $713B portfolio in Q4 2022.
- Geode Capital Management opened 62 new positions and closed 188 in Q4 2022.
- Geode Capital Management's portfolio value rose 8.1% quarter-over-quarter to $713B.
Based on Geode Capital Management's 13F filing for Q4 2022, filed 13 Feb 2023.